ASX

ASX has also expanded its corporate action notification service to include near real time ISO 20022 format corporate action notifications over SWIFTNet. This initiative also introduced efficiencies to the issuer announcement process and operations, by allowing issuers to input structured information to feed directly into ASX’s internal systems. The benefits and abilities of ISO 20022 to capture more data in a structured format, were among the reasons that ISO20022 was selected for this initiative.

TARGET2-Securities

TARGET2-Securities (T2S) is a European initiative, coordinated by the European Central Bank (ECB), to establish a single platform for the settlement of securities. T2S aims to improve the efficiency and safety of securities settlement by providing harmonised Delivery-versus-Payment (DvP) settlement in central bank money on a real-time gross basis.